News

Note: This section contains information in English only.
Mon, 02 Dec 2019 13:49:44 GMT

Trump aims to resume tariffs on LatAm metal imports

On Monday, the US President Donald Trump stated he was seeking to restore tariffs on the US aluminium and steel imports from Argentina and Brazil immediately due to a massive devaluation of the countries' currencies.

Mon, 02 Dec 2019 12:47:06 GMT

UniCredit to trim stake in Turkey's Yapi Kredi

Italy's UniCredit has agreed with the Turkish group Koc Holding to reduce its stake in Turkey's Yapi Kredi Bank to below 32% amid the company's shareholding restructuring.

Mon, 02 Dec 2019 12:00:24 GMT

UK CMA reviews Google's Looker deal

On Monday, Britain's Competition and Markets Authority has launched an inquiry into Google's $2.6B buyout of the privately-owned big-data analytics company Looker Data Sciences.

Mon, 02 Dec 2019 11:29:55 GMT

Nissan CEO rules out ties with Renault

On Monday, the new CEO of Nissan Motor Company Makoto Uchida stated that Nissan will not increase its financial ties with Renault.

Mon, 02 Dec 2019 09:55:02 GMT

Israel's TowerJazz to keep 51% stake in Panasonic's chip JV

On Monday, TowerJazz, the Israeli chip manufacturer, stated it would keep its board control and 51% majority stake in the chip JV established with Panasonic in Japan.

Mon, 02 Dec 2019 09:19:09 GMT

Turkish economy grows 0.9% yoy in Q3

The economy of Turkey grew 0.9% year-over-year in the Q3, in line with analysts' expectations, breaking three last quarters of contraction, Reuters reported on Monday.

Mon, 02 Dec 2019 07:45:56 GMT

HK Airlines must shore up its financial position

Hong Kong Airlines, owned by the struggling China conglomerate HNA Group, must improve the financial position by December 7 or risk losing its licence, the government announced on Monday.

Mon, 02 Dec 2019 07:37:36 GMT

Britain's Ocado launches $642M bond issue

Ocado, the UK online grocer and technology firm, launched a $642M bond offering, seeking to finance the capital expenditure linked to company's international partnership deals.

Mon, 02 Dec 2019 06:21:26 GMT

Oil prices up 1%

Crude oil prices rose 91 cents or 1.7% on Monday morning, reaching $56.08 a barrel, amid growth of the China's PMI from 51.7 to 51.8 in November.

Mon, 02 Dec 2019 05:08:10 GMT

Companies remain unprepared for US, China trade war

According to the DHL survey, a lot of multinational companies do not have any plan B in case th US and China fail to negotiate a trade deal.

Mon, 02 Dec 2019 03:40:33 GMT

PM of Malta steps down

On Sunday, the Prime Minister of Malta Joseph Muscat announced his resignation, which is attributed to a probe into the murder of a journalist.

Sun, 01 Dec 2019 23:50:28 GMT

EU audit reveals results of Czech PM

On Sunday, an audit of the European Commission revealed that the Prime Minister of the Czech Republic has a conflict of his interests due to his former business practices.

Sun, 01 Dec 2019 21:30:04 GMT

China wants tariffs roll back

According to the Global Times newspaper, one of the main China's goals in trade deal negotiations is removal of the US tariffs on its goods.

Sun, 01 Dec 2019 20:31:58 GMT

Trump heads to London

The US President Donald Trump is expected to arrive tomorrow in London to discuss bilateral relations with his counterpart Boris Johnson and participate in the NATO summit.

Sun, 01 Dec 2019 19:04:23 GMT

Obrador remains disappointed with economy's growth

Andres Manuel Lopez Obrador, the President of Mexico, stated on Sunday that the economic growth this year did not meet his expectations, though the inequality issue has slightly improved.

Sun, 01 Dec 2019 18:31:50 GMT

UK Carney to serve as UN envoy

The Bank of England Governor Mark Carney has been appointed as climate financial envoy of the United Nations, Antonio Guterres stated on Sunday.

Sun, 01 Dec 2019 17:38:11 GMT

S&P improves Ireland's credit rating

Standard & Poor's has improved Ireland's long-term credit rating to AA- from A+ with a stable outlook and its short-term credit rating to A-1+ from A-1.

Sun, 01 Dec 2019 16:00:21 GMT

CSRC approves new IPOs

The China Securities Regulatory Commission has approved the initial public offerings of China-Singapore Suzhou Industrial Park Development Group and Hubei Heyuan Gas Company.

Sun, 01 Dec 2019 15:13:32 GMT

Logistics sector in China expands

The Chinese logistics sector expanded 5.8% in the first 10 months of the current year, compared to the same period the prior year, the China Federation of Logistics and Purchasing reports.

Sun, 01 Dec 2019 14:02:06 GMT

PBC: China to grow 6.1% in 2020

The Chinese economy is expected to expand 6.1% in 2020 and the outlook is cautiously optimistic, a report published by the Bank of China Research Institute shows.

Sun, 01 Dec 2019 13:00:48 GMT

China manufacturing expands in November

The Chinese manufacturing sector performed better in November, compared to the previous month, data published by the National Bureau of Statistics show.

Sun, 01 Dec 2019 12:07:24 GMT

LSG cancels tomorrow's strike

The German union Verdi stated on Sunday that Lufthansa's catering unit LSG has decided to cancel a strike scheduled for tomorrow after the company made a new offer on wages.

Sun, 01 Dec 2019 10:57:27 GMT

Tesla to attract more firms to Germany

Tesla's announcement of building first EU factory near Berlin is likely to draw further firms from the electric mobility and energy storage sectors into Germany, the State Premier stated.

Sun, 01 Dec 2019 10:07:36 GMT

Mitsubishi, Nissan, Renault to form JV

According to the Kyodo News, three large automobile producers, Mitsubishi, Nissan and Renault, have agreed to form a joint venture (JV) to conduct research and development activities.

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